Freeport, Bahamas – The executives of Port Group Limited and Bourbon Street Limited (Port Lucaya Marketplace) are pleased to advise that we have reached an amicable agreement with Mr. Rick Hayward, owner of the East, La Dolce Vita and the Pub at Port Lucaya restaurants, with regard to the outstanding balance on rent owed.

We have met with Mr. Hayward and minimum payment has been made. Although he is allowed to resume business, it is agreed that, he must keep his rent current, along with a commitment to a regular payment schedule to settle his remaining outstanding balance.

These are tough economic times and the management of Bourbon Street Limited is always prepared to work with its tenants so that they are able to keep their doors open. As we move forward, this arrangement we feel, works in the interest of all parties for a speedy resolution.

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